Grid Properties' Harlem shopping center is facing a second default warning, per The Real Deal, worth tracking if you've got tenant build-out work tied to that project. The Real Deal
A Chinese insurer is reportedly eyeing a $1.4 billion valuation for a Sixth Avenue office tower, per The Real Deal — a sale would reset the comp set for every Midtown office deal after it. The Real Deal
The New York Post reports a structural-steel contractor has been engaged for Ken Griffin's 350 Park Avenue tower — a sign the Vornado-Rudin-Griffin JV we covered yesterday is moving from planning into procurement. New York Post
New York Post reports the Flatiron Building's condo conversion is nearing sellout as buyers race for units — a milestone for a project the trades finished framing out over a year ago. New York Post
New York YIMBY reports exterior work is nearing completion on the two-tower 80 Clarkson Street development in the West Village — a project moving into finishes and fit-out. New York YIMBY
New York YIMBY reports the amenity center at One Liberty Plaza is now under construction, another sign downtown office owners are still spending on their existing towers. New York YIMBY
Hoodline reports Maison171, a new condo tower at 171 East 86th Street, is rising on the Upper East Side — one more vertical crane for anyone tracking UES concrete and curtain-wall work. Hoodline
The WSJ published a building-by-building flyover map of Manhattan's office-to-residential conversion wave — useful context for anyone bidding either side of that trade right now. WSJ
CRE Daily reports NYC's condo pipeline is projected to shrink 11% through 2029, which tracks with how few new ground-up residential towers are showing up on our permit feed lately. CRE Daily
Nuveen Green Capital closed a $1 billion C-PACE fund — a financing tool NYC developers can already tap for green retrofits, worth knowing if your GC talks capital stacks with owners. Multi-Housing News
Multi-Housing News reports a Westchester County residential project landed $148 million in financing — no project name or address in the piece yet, so we're watching for the site plan. Multi-Housing News
The Real Deal's Policy Pro column notes the City Council is advancing office-to-residential conversion bills alongside an insurance measure — legislation worth watching if conversion work is your bread and butter. The Real Deal